Yesterday after the close Digagogo Ventures Corp. (PINK:DOGO) issued a press release, and shortly after that a number of paid newsletters started touting the stock.
April hasn’t been an active month for DOGO so far. Yesterday 182 thousand shares changed hands and it was the highest volume for the month. Still, DOGO closed flat at $0.041. It should be pointed out that most of the volume was generated at higher prices.
The company announced the appointment of Nehru Chomatil as CEO and President. The press release also said that Red Deer, DOGO’s first licensee had begun generating revenue.[BANNER]
The pump campaign is being carried out in at least five newsletters, all operated by Stock Appeal LLC. Stock Appeal disclosed it had been compensated $10 thousand by a third party, Stock Connection, Inc.
The press release may sound positive, but there are factors which could put traders off. DOGO still hasn’t filed its 10-K for 2011, and the latest available financial report didn’t look too good. Additionally, a $10 thousand compensation is not even an average amount when it comes to paid pumps.
